SKF India advises shareholders on demerger cost apportionment

SKF India Limited has provided an update to its shareholders on the apportionment of the cost of acquisition for equity shares, following the demerger of its Industrial Business. The National Company Law Tribunal, Mumbai Bench, sanctioned the Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited on September 26, 2025. This scheme facilitated the demerger of the company's Industrial Business into SKF Industrial on a going concern basis, issuing new equity shares to SKF India shareholders.

Under the scheme, SKF Industrial allotted one fully paid-up equity share with a face value of INR 10 for every one fully paid-up equity share of INR 10 held in SKF India Limited, as of the Record Date of October 15, 2025. For the purpose of determining the post-demerger cost of acquisition, shareholders are advised to apportion the pre-demerger cost as 46.88% to SKF India Limited and 53.12% to SKF India (Industrial) Limited.

This communication serves as general guidance, and shareholders are encouraged to consult their own financial and tax advisors for specific implications. SKF India Limited explicitly states it takes no express or implied liability in relation to this guidance.